STOCKHOLM, June 7 (Reuters) - Swedish private equity firm EQT on Wednesday made a cash offer to shareholders of DGC One valuing the telecoms company at 2.3 billion Swedish crowns ($265 million) after announcing it had bought an 85 percent stake in the company.
EQT, which owns Swedish telecom operator IP-Only, offered 250 crowns per share, 59 percent above DGC One’s closing price on Monday.
EQT partner Johan Dettel said there were significant opportunities for cooperation between DGC One and IP-Only, which owns fibre infrastructure in Sweden.
“Along with DGC’s IT managed services we see significant opportunities for cooperation (with IP-Only),” he said in a statement.
DGC’s board recommended that shareholders accept EQT’s offer.
DGC shares on Wednesday rose to the 250 crowns offer price.
$1 = 8.6898 Swedish crowns Reporting by Olof Swahnberg; editing by Jason Neely